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Broker Score | Risk Statement | Min. Deposit | Regulation | Trading Desk Type | Trading Instruments | Forex Pairs | Crypto Pairs | Pros | Cons | Regulation | Trading Conditions | Trading Platforms | Deposit & Withdrawal | Education & Research | Assets Available | Customer Service | % Lose with this broker | Leverage | Spread | Hedging | Scalping | Account Types | Islamic Account | Trading Platforms | Funding Methods | Trading Commission | ||
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N/A of retail CFD accounts lose money | USD 0 | ECN/DMA | Commodities, Cryptocurrencies, Energies, Forex, Indices, Metals, Stock CFDs | 70 | 10 |
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| Read Review | 0 | 500:1 | 0.10 pips | Yes | Yes | Institutional, Prime, Standard | Yes | MT4, MT5, WebTrader | Bank Transfer, Visa, Mastercard, Skrill, Neteller, Fasapay, Unionpay | 6 USD / lot - ECN Prime | ||||||||||
70.3% of retail CFD accounts lose money | AUD 100 | Market Maker | Bonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices | 56 | 25 |
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| Read Review | 70.3% | 30:1 | 0.60 pips | Yes | Yes | Live, Markets.com, Marketsx, MetaTrader 4, MetaTrader 5 | Yes | MT4, MT5, markets.com | Mastercard, Visa, Neteller, Skrill, Bank Transfer | Fees Included in Spread |
The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.
At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.
To compare markets.com and BlackBull Markets, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.
Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.
In our comparison, we found that markets.com holds three Tier 1 and no Tier 2 licences, and BlackBull Markets holds no Tier 1 and one Tier 2 licences.
Based on these findings, markets.com earned a higher trust rating than BlackBull Markets.
Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that markets.com has overall lower trading costs than BlackBull Markets.
Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms.
In this case, 0 offers support for and 0 offers support for .
Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both BlackBull Markets and markets.com offer copy trading.
A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that BlackBull Markets offers a greater range and depth of instruments to trade than markets.com. BlackBull Markets offers 70 Forex pairs to trade and markets.com offers 56 Forex pairs to trade.
In this case, markets.com offers 25 cryptocurrencies while BlackBull Markets offers 10 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with markets.com.
Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.
We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that BlackBull Markets charges a withdrawal fee and markets.com does not. Overall, 0 has better deposit and withdrawal processes than 0.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
BlackBull Markets and markets.com both have very good educational support. Both BlackBull Markets and markets.com offer educational support for more experienced traders.
To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field.
We found that 0 offers better research analysis than 0 and that both BlackBull Markets and markets.com offer frequent webinars.
A well-regulated broker with a competitive trading environment, Markets.com has a user-friendly, full-featured trading platform and a number of excellent trading tools making it suitable for both beginners and more experienced traders.
Markets.com offers traders fast, low-cost trading on a broad range of financial instruments, including over 2000 stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds. Although Markets.com offers only one live account, spreads start at 0.6 pips (EUR/USD), with no commissions and a minimum deposit requirement of only 100 USD.
Full support is offered for MT4, MT5, and Markets.com's award-winning in-house platform. An advanced multi-asset trading platform, the Markets.com platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting.
Markets.com also provides a high level of customer service compared to other brokers, and its educational materials provide an excellent resource for beginners starting their trading careers.
Founded in New Zealand in 2014, BlackBull Markets is an FMA (New Zealand) and Seychelles FSA-regulated ECN broker that offers trading on a substantial number of assets, including Forex, commodities, cryptos, over 26,000 shares, and indices.
BlackBull Markets offers a range of accounts for beginners and more experienced traders, and trading costs are lower than those of other brokers on its entry level commission-free account, with spreads that start at 0.8 pips on the EUR/USD with no minimum deposit requirement. Trading costs are even lower on its Prime and Institutional Accounts, with spreads down to 0.1 pips (EUR/USD), but this is in addition to a commission and high minimum deposit requirements of 2,000 USD and 20,000 USD respectively.
BlackBull Markets provides direct market access on MT4, MT5, TradingView, and its own brand-new, user-friendly inhouse trading platform, BlackBull Trade. It also offers a number of useful trading tools, including Autochartist, a VPS service, FIX API, and copy trading through third-party providers Zulutrade and Myfxbook Autotrade, as well as its proprietary platform, Blackbull CopyTrader.
Finally, BlackBull Markets’ educational and market analysis materials are good compared to most other brokers, and it offers personalised customer service, available 24/7.
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